Professor Richard Quandt has made a unique contribution to the
development of economics in the 20th century. The range and
significance of his work has long required a collection of his
essays which will allow his contribution to be assessed as a
whole.Despite an early interest in microeconomic theory, Richard
Quandt has devoted most of his career to econometrics and, in
particular, to modal split estimation. More recently his work has
focused on the econometrics of disequilibrium models with reference
to both free market and planned economies. As well as presenting
his many significant articles on microtheory, general econometrics,
disequilibrium modelling, financial economics and the economics of
planned economies, this collection will have a particular value for
all scholars interested in the emergence of the new economies in
Eastern Europe, a subject to which Professor Quandt has applied
himself in recent years. This fascinating book includes an
introduction by Professor Quandt describing his early life in
Budapest and the circumstances which led him to study economics in
America.
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